Operating Declaration
(Single Member, with Bylaws) (LLC)

Summary

This Operating Declaration (Single Member, with Bylaws) (LLC) template can be used by the member of a limited liability company (LLC) that has only a single member in lieu of an operating agreement and separate bylaws document. This template includes practical guidance, drafting notes, and alternate and optional clauses. The template contemplates that the operations are controlled by a board of managers and by officers and includes bylaws (at Exhibit ). This template may be tailored to ensure compliance with applicable law. For more information on forming an LLC, see Limited Liability Companies and Limited Liability Companies State Law Survey.